Giving property investors a an unimpressive capital gain of -4.49% for the last year, Manifold Heights, 3218 is the 2729th highest performer in Australia in this respect.
A 38.25% growth in median value for property investors in Manifold Heights,3218 puts this suburb at number 625th in terms of best performing suburbs in VIC
On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.
Manifold Heights, 3218’s gross rental yield is 2.81%
Property value increases in Manifold Heights have tracked just lower than the VIC average of 3.98% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Manifold Heights comes in at number 97th in VIC.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 6.91%, investors should hope to achieve an overall return of 4.53%
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Metro suburb soars to new heights
Median house price: $583,050
Three-year growth: 14.32%
Rental yield: 3.17%
Less than 5km west of Geelong City is the suburb of Manifold Heights. Primarily a residential area, it nonetheless has many fans driving its strong growth in recent years.
Manifold Heights recorded almost 23% growth in the past 12 months, with average annual growth coming in at 7.4%. This is indicative of its potential value in the long term should the trend keep up. For 2017, the suburb is off to a strong start – in the January quarter, prices continued to increase by almost 10%. Manifold Heights’s rising profile also benefits sellers, who have homes snapped up at an average discount rate of just 3.8%.
One of the suburb’s top drawing cards is its proximity to the Geelong CBD, which is itself a central CBD in regional Victoria. The city provides considerable employment opportunities in the medical and education industries, and is also home to many entertainment venues. Thus, residents are within easy reach of whatever they need.